BRIEF-Chartwell announces acquisition of luxury retirement residence in Ottawa, Ontario

Thu Apr 21, 2016 8:32am EDT
 
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April 21 (Reuters) - Chartwell Retirement Residences

* Chartwell announces acquisition of luxury retirement residence in ottawa, ontario

* Chartwell retirement residences says aggregateâ purchase price of $68.4 million

* Chartwell expects to generate a first year unlevered yield of 6.6%

* Purchase price will be settled by assumption of $22.1 million mortgage bearing interest at 4.56% and maturing march 1, 2020 Source text for Eikon: Further company coverage: )